Community Homes Housing Incorporated
- Assets
- $35.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, MD
- Founding
- 11/2004
- Data as of
- 12/2021
- EIN
- 20-1197356
Organization Overview
Community Homes Housing Incorporated is located in Columbia, MD. The organization was established in 2004. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Homes Housing Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Community Homes Housing Incorporated generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $123.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (35.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BE THE PREMIER NON-PROFIT AGENCY IN HOWARD COUNTY TO PROVIDE FINANCING FOR THE DEVELOPMENT, ACQUISITION, OR REHABILITAION OF LOW-INCOME AND AFFORDABLE RENTAL HOME OWNERSHIP PROJECTS ACROSS HOWARD COUNTY, MARYLAND, AS WELL AS PROVIDING SAFE, HIGH QUALITY, AFFORDABLE RENTAL HOUSING FOR LOW AND MODERATE INCOME FAMILIES AND INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAM'S PURPOSE IS TO OFFER FINANCING FOR THE DEVELOPMENT, ACQUISITION, OR REHABILITAION OF LOW-INCOME AND AFFORDABLE RENTAL OR HOME OWNERSHIP PROJECTS ACROSS HOWARD COUNTY, MARYLAND. IT WILL ALSO PROVIDE GRANTS TO NONPROFIT ORGANIZATIONS THAT SERVE THE HOUSING NEEDS AND OTHERWISE PROVIDE STABILITY TO LOW-INCOME RESIDENTS IN HOWARD COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Kelliher President | OfficerTrustee | 1 | $0 |
Tim Sosinski Director | Trustee | 1 | $0 |
Paul Revelle Director | Trustee | 1 | $0 |
Jason Weszka Director | Trustee | 1 | $0 |
Nancy Rase Director | Trustee | 1 | $0 |
Mark Biegel Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Huddles Jones Sortberg & Dachille Pc Legal Services | 12/30/15 | $156,598 |
Edgewood Management Corp Management Serivices | 12/30/15 | $240,196 |
Saja General Services Inc Maintenance Services | 12/30/15 | $101,335 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $1,192,390 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,192,390 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $46,516 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,773 |
| All other expenses | $67,973 |
| Total functional expenses | $123,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,376 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,056,932 |
| Total assets | $35,137,308 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $35,137,308 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $35,137,308 |
Endowment Analysis
| Beg. Balance | $10,151,294 |
| Earnings | $613,365 |
| Admin Expense | $114,495 |
| Net Contributions | $1,127,617 |
| Ending Balance | $11,777,781 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Relief Services Charities Inc Alexandria, VA | $142,752,068 | $55,470,301 |
Arundel Community Development Services Inc Annapolis, MD | $42,935,600 | $33,111,572 |
Nht Communities Washington, DC | $154,306,300 | $20,911,703 |
1260 Housing Development Corporation Philadelphia, PA | $75,955,661 | $16,577,131 |
Housing Development Corporation Midatlantic Lancaster, PA | $24,908,226 | $11,939,671 |
Milford Housing Development Corperation Milford, DE | $34,677,401 | $10,337,525 |
Project Plase Inc Baltimore, MD | $6,563,951 | $8,999,720 |
Norris Square Community Alliance Philadelphia, PA | $13,759,138 | $8,779,038 |
Ebed Community Improvement Inc Upper Marlboro, MD | $8,136,869 | $7,675,137 |
Lewinsville Retirement Residence McLean, VA | $23,915,511 | $4,142,115 |
Patricia And Mark Joseph Shelter Foundation Inc Baltimore, MD | $50,852,875 | $6,368,087 |
Affordable Housing Opportunities Inc Washington, DC | $42,188,796 | $3,175,376 |